Partnership of Women’s Foundations Pledge $100 Million to Create Pathways to Economic Security for Women and Their Families in America

DSC_6431

Women’s Fund of Omaha Joins the Partnership to Demonstrate the Collective Power of Women’s Foundations in Effective Grantmaking

OMAHA—Today the Women’s Fund of Omaha, a member of Prosperity Together, a nonpartisan partnership of public U.S. women’s foundations, announced a collective five-year, $100 million funding commitment by women’s foundations to create pathways to economic security for low-income women and their families in America. All Prosperity Together members belong to the Women’s Funding Network. The partnership will fund local programs with a proven track record in providing women with job training and child care, among other supports. Prosperity Together made the announcement at the White House Summit on Advancing Equity for Women and Girls of Color (watch the video here https://youtu.be/Z_GUX5ID8Fk) , which focused on a wide range of issues including the barriers and solutions to economic security confronting millions of low-income women living in America.

While women account for 57 percent of the workforce, the wage gap persists—women earn 79 cents for every dollar a man earns— and too often occupy minimum wage or part-time jobs, with little to no employer-sponsored benefits, and limited opportunity for growth and advancement. These barriers to economic prosperity are even greater for low-income women and women of color.

“The Women’s Fund of Omaha is proud of the investments that we have made in the women and girls of our community over the last 25 years. We look forward to focusing these efforts even more with support from women’s funds accross the nation,” says Michelle Zych, executive director for the Women’s Fund of Omaha. “This partnership gives us the opportunity to learn from one another and invest our dollars even more effectively.”

For more than 30 years, women’s foundations have invested in local solutions for low-income women and their families, community by community. The Women’s Fund of Omaha has worked with local low-income women in Omaha for 25 years, focusing on the areas of economic self-sufficiency, sexual literacy, domestic violence, and women in leadership. Prosperity Together will harness the collective power, leadership and proven effectiveness of women’s foundations working together to ensure women’s economic security in America. The partnership will also issue a call to policymakers, business leaders, the philanthropic community and the public to understand that economic prosperity for all is guaranteed only when economic security and equal opportunity are guaranteed for women.

Prosperity Together partners will use their respective experience and knowledge to continue funding programs that are proven effective in their communities and states. The types of programs that will be funded include:

Job Training: Fund job training programs that are customized to address the cultural and educational needs of low-income women in order to secure a higher-wage job in a stable work environment.

• Child Care: Fund programs that enable access for low-income women to affordable, high-quality childcare, so they can be successful in the workplace and their children have a strong academic start in life.

• Research: Fund state and national research to inform best practices and policies that increase economic security for low-income women, particularly women of color.

“The support from the Women’s Fund cannot be understated. There is no other organization in Omaha that solely focuses on moving women forward,” says Julie Kalkowski, executive director of Financial Hope Collaborativeone of the many local programs that the Women’s Fund of Omaha has invested in to address economic self-suffieciency.

Prosperity Together Prosperity Together advisory committee members include the Chicago Foundation for Women; Dallas Women’s Foundation; Iowa Women’s Foundation; the Ms. Foundation for Women; The New York Women’s Foundation; The Women’s Fund of Central Ohio; Washington Area Women’s Foundation; the Women’s Foundation for a Greater Memphis; the Women’s Foundation of Minnesota; the Women’s Foundation of Mississippi; the Women’s Foundation of Southwest Florida; and the Women’s Funding Network.

Visit http://www.womensfundingnetwork.org/initiatives/prosperity-together/ for more information on Prosperity Together, a list of all participating public U.S. women’s foundations and the five-year funding commitment.

Leave a Reply

Your email address will not be published. Required fields are marked *